I LOVE THE BZ

trading strategies and money management discussion, code, results

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csbueno
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Postby csbueno » Wed Jan 20, 2010 12:03 am

ez0770 wrote:That's obviously different than TRO's "original" tried and tested method which calls for +/- 4 pips. How did you decide on 10 pips? Do you add the bid/offer spread on top of that? What about cable? What settings do you use for the pound? Thx in advance


I came out with 11 pips by testing it, but mostly is something I feel comfortable with.

For the Wire I used 20 pip for entry and a 20 pips Tp, but I try to set sl to breakeven ASAP. (anyway, i like eurusd much more for BZ)


Its worth saying, that, as mentioned by TRO, is better to look for an edge by only trading long when price is above both the daily open and the weekly open and only trade short when the price is below both the daily open and the weekly open.


regards

Carlos
Last edited by csbueno on Wed Jan 20, 2010 4:05 am, edited 1 time in total.

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TheRumpledOne
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Postby TheRumpledOne » Wed Jan 20, 2010 3:36 am

If you look at my DRAIN THE BANK LIKE A CASINO thread, you'll see it is the buy zone with a 9 pip trigger.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

csbueno
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some results

Postby csbueno » Fri Jan 22, 2010 4:29 pm

http://csbueno57.mt4stats.com/


...Some results, most are BZ,


Regards

Carlos

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newschool
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Postby newschool » Fri Jan 22, 2010 5:59 pm

Hi guys,
I would like to make an EA for the BZ, can you point me to a simple boolean strategy? I think it would be easy for me to code.

csbueno
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Postby csbueno » Fri Jan 22, 2010 6:29 pm

newschool wrote:Hi guys,
I would like to make an EA for the BZ, can you point me to a simple boolean strategy? I think it would be easy for me to code.




I have a basic one (NOT coded by Me), needs a few modifications i.e, open pending orders instead of market orders, only 2 orders per candle, and so on.

You could start by making the EA open short pending order at desired pip level, TP and Sl; the long pending order settings must be independent from the Shorts settings. ( orders set @ candle open), etc.

If You need more precise instructions, send me a PM.

Ill give to You, just share the finished product with who ever is interested.

Regards

Carlos
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BZ beta.mq4
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BZ beta.ex4
(5.63 KiB) Downloaded 27 times
Last edited by csbueno on Fri Jan 22, 2010 6:49 pm, edited 3 times in total.

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Postby csbueno » Fri Jan 22, 2010 6:38 pm

ez0770 wrote:Carlos, well done! Those are very good results...what are your BZ settings for other currencies, other than Eur and Cable if I may ask?


I try EURJPY and USDJPY and use the same settings as EURUSD but I got my best result with are with the later, probably just a psicological thing, because at the end BZ is the same principle for all pairs (price goes up or down, thats it)

A good friend of mine use GBPJPY, but with 20 pips trigger or so., and and hes quite profitable.

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newschool
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Postby newschool » Fri Jan 22, 2010 7:04 pm

csbueno,

I quickly checked the code you posted, and basically the trigger I saw is entering a trade after a few pips movement on the Open of a candle. We could use 2 stop orders for both sides. Usually its an H1 candle and 4 pips.
Is that it?

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Postby csbueno » Fri Jan 22, 2010 7:16 pm

newschool wrote:csbueno,

I quickly checked the code you posted, and basically the trigger I saw is entering a trade after a few pips movement on the Open of a candle. We could use 2 stop orders for both sides. Usually its an H1 candle and 4 pips.
Is that it?


Basically It is; just remember that when going long, the price that trigger the trade is ASK price, so when setting the long orders, besides the desired trigger, You should add the spread to really have the desired price movement trigger.

It Could be any candle. But H1 is fine as long it only trades at specific hours (multiple?)

regards

C.
Last edited by csbueno on Fri Jan 22, 2010 7:19 pm, edited 1 time in total.

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Postby dojirock » Fri Jan 22, 2010 7:17 pm

Could you tell me where I need to install these files so they work please....I mean what folders...These are a expert advisor file correct?

Doji

csbueno
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Postby csbueno » Fri Jan 22, 2010 7:24 pm

dojirock wrote:Could you tell me where I need to install these files so they work please....I mean what folders...These are a expert advisor file correct?

Doji


In the folder " experts"


program file : your trading station : experts


Just remember, that this EA, doesnt work properly . play with it on a demo only

regards

C.

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